Adding value(s): Economic behavior as sense making

David Carré

Publikation: Bidrag til bog/antologi/rapport/konference proceedingKonferenceabstrakt i proceedingForskningpeer review

Abstrakt

Most economic inquires revolve around agents making decisions. Getting the ‘best value’, it is assumed, drives such decisions: gaining most while risking least. This assumption has been debunked by showing that people does not always choose neither maximum benefit nor less risk (Kahneman & Tversky, 1992). In response, behavioral economics (Camerer, 1999) has shown that agents have values other than optimization underpinning their decisions. Therefore, concerns arose regarding which values are guiding the agent but not about how such values became relevant for the agent. In this presentation, I will explore the consequences of shifting to the latter perspective, i.e. looking for the generative framework of values. Here I argue that economic behavior should also be seen as a sense-making process, guided by values that are chosen/rejected along with fellow human beings, in specific socio-cultural moments. Hence, values are lived as private, but constructed as public.
OriginalsprogEngelsk
TitelResistance and Renewal : Programme and Abstracts
Publikationsdato26 jun. 2015
Sider117
StatusUdgivet - 26 jun. 2015
Begivenhedresistance and renewal. 16th Biennal conference of the international society for theoretical psychology - coventry, Storbritannien
Varighed: 26 jun. 201530 jun. 2015

Konference

Konferenceresistance and renewal. 16th Biennal conference of the international society for theoretical psychology
LandStorbritannien
Bycoventry
Periode26/06/201530/06/2015

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Citationsformater

Carré, D. (2015). Adding value(s): Economic behavior as sense making. I Resistance and Renewal: Programme and Abstracts (s. 117)